Board of Trustees of Teamsters Benefit Trustbenefits

Board of Trustees of Teamsters Benefit Trust's benefits plans covered 11,818 active participants in 2024, providing health · life · dental · vision · short-term disability · death benefits · other. Insurance premiums totaled $18,817,363. Insurance brokers and agents were paid $58,198 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 0.3% of premiums. That is $5 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 5.2% from $55,321 in 2023.